Word: edwards
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Dates: during 2000-2009
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...paid out the bonuses, probably obtained by the employees fair and square in outrageous employment packages. No one seems to have disclosed the name of the people who signed the agreements on behalf of AIG, or who approved them in the first place. AIG's clueless CEO, Edward Libby, will go before Congress to try to explain that. (See the top 10 bankruptcies...
...Furthermore, AIG's newly installed CEO, Edward M. Liddy, told Treasury last week that the AIG traders in question were still needed because only they could minimize the damage they had done. "AIGFP's books also contain a significant number of complex - so-called bespoke - transactions that are difficult to understand and manage," the company announced in a document sent to the Treasury by Liddy. "This is one reason replacing key traders and risk managers would not be practical on a large scale. Personal knowledge of the trades and the unique systems at AIGFP will be critical to an effective...
...losses would be getting $450 million in bonuses. Some of the media put the number lower than that, but Congress and The White House have already complained loudly that any amount of money paid to an operation that helped undermine AIG's viability should get nothing. Edward Libby, the feckless former head of Allstate (ALL) who was brought in to turn AIG around, apparently did not know about the bonuses until recently. In the brief note he sent to the Fed apologizing for the problem he said that the company's hands were tied. The employees getting the money...
...Edward Y. Lee ’08-’09 is a government concentrator in Kirkland House. Weijie Huang ’09 is a government concentrator in Eliot House. Manning Ding ’12, a Crimson news comper, lives in Lionel Hall. Daniel C. Suo ’10 is a computer science concentrator in Adams House. Sean A. Li ’10 is an economics concentrator in Adams House. Joyce Y. Zhang ’09, a Crimson news writer, is a government and economics concentrator in Leverett House. Tzu-Ying Chuang...
...talks have been held in parallel to negotiations orchestrated by Senator Edward M. Kennedy, chairman of the Health, Education, Labor and Pensions (HELP) Committee, which has principally involved outside groups like insurers, doctors, labor and big business. Aides to the bipartisan group of lawmakers, citing the delicacy of the talks, provided no details of the potential agreement. However, the two main sticking points remain how to pay for a plan that some estimate could cost as much as $1 trillion and how to integrate a public, government-run plan into the private system, two aides say. (Read about Obama...